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Saudi Arabia’s Energy Minister Khalid al-Falih has hinted that an agreement “to stabilize the market” could be reached at next month’s International Energy Forum. The ministerial meeting to be held on the sidelines of the Forum presents “an opportunity for Read more
Omani oil and gas minister Mohammad bin Hamd al-Rumhy said the government would not be participating in the International Energy Forum scheduled at the end of next month in Algeria because they are “disappointed by the (OPEC) group’s failure to Read more
Oman and China have signed a multibillion dollar investment agreement providing for the setting up of an industrial park in Duqm. Under the deal, around 11.75 square kilometers will be leased to Chinese investors, who are expected to inject around Read more
Over the weekend, credit rating company Moody’s downgraded Saudi Arabia by a notch from Aa3 to A1 citing that “a combination of lower growth, higher debt levels and smaller domestic and external buffers leave the Kingdom less well positioned to Read more
The visit of King Mohammed VI to China, beyond its political and economic goals, confirms, once again, the Moroccan Sovereign’s new diplomacy, which is dynamic, resilient and proactive and which takes into account regional and international changes and challenges. According Read more
King Mohammed VI has hailed the unwavering backing of GCC countries to Morocco’s territorial integrity currently targeted by some enemies seeking to destabilize the North African nation which has weathered Arab Spring storms. “The question of the Moroccan Sahara has Read more
King Mohammed VI has stressed the importance Morocco grants to its relations with Arab Gulf countries, saying their security and stability are part of the North African Kingdom’s security. “What hurts you hurts us, and what affects us affects you”, Read more
The first summit meeting between Morocco and the member countries of the Gulf Cooperation Council (GCC) will take place in Riyadh on April 20 with the participation of King Mohammed VI. The Ministry of the Royal Household, Protocol and Chancellery Read more
British Defense Minister Michael Fallon said there are plans to have a permanent naval force stationed in Oman and a Memorandum of Understanding was signed between UK’s Babcock International Group and Oman Drydock Company to build the base near Duqm Read more
Oman could be on the verge of introducing Enhanced Oil Recovery (EOR) which uses the techniques of chemical, thermal or gas injection to extract between 30 and 60% of oil from reservoirs instead of the 20 to 40% obtained through Read more